The tech hub of Austin, Texas, has been a beacon of migration during the pandemic, but tastes are changing, leading to Nashville becoming a destination hotspot for the first time since 2021.
Read More »Report: Foreclosure Activity Trends Increasing
“The silver lining of this trend is that it’s usually local or regional investors seeking to purchase commercial REO properties, often to launch new concepts or businesses,” said Michael Krein, President of the NRBA. “They keep the community moving forward by getting these properties back into the market and retail sectors.”
Read More »Improving Affordability Fueled by Moderate Decline in Home Prices
"Our 2024 housing forecast reveals the green shoots we've been waiting to see in the housing market and should give buyers some optimism after a grueling few years," said Danielle Hale, Chief Economist for Realtor.com. "Moves of necessity are likely to drive home sales in 2024."
Read More »Ginnie Mae Revises Its Definition of High Balance Loans
In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High Balance Loans for single-family forward mortgage loans nationwide.
Read More »CFPB Fines Bank of America Over HMDA Violations
The Bureau has ordered the bank to pay $12 million into the CFPB’s victims relief fund for falsifying forms about mortgage applicants and reporting incorrect information to federal regulators.
Read More »FHA to Enhance Its 203(k) Rehab Program
Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair or rehabilitation.
Read More »Managing Today’s Tech Trends in Mortgage Servicing
MortgagePoint had the opportunity to chat with Gagan Sharma, Founder and CEO of BSI Financial Inc., to discuss the evolution of technology in the servicing space, as AI, machine learning, and other advances become more commonplace in the borrower experience.
Read More »How Much Did the Average House Appreciate Last Year?
A new report reveals how much the average single-family home appreciated year-over-year during Q3 2023, trumping gains seen during Q2 by a modest clip according to the Federal Housing Finance Agency’s House Price Index.
Read More »FHFA, GSEs Examine Climate Impacts on Vulnerable Peoples
In 2022, the Federal Housing Finance Agency began collaborating with Fannie Mae and Freddie Mac to explore the intersection of climate change, housing finance, housing policy, and community development. Here’s what they found.
Read More »Where Can U.S. Renters Get the Biggest Bang for Their Buck?
As apartment rentals become increasingly hard to come by, spurring widespread competition, a new RentCafe report revealed which U.S. cities offer the most space for the national rent average of $1,700, giving Americans the opportunity to get the best bargain for their money.
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